HB 360
Revenue and taxation; rehabilitation of historic structures; revise tax credit
Adjusted historic rehabilitation credit timing to make the incentive easier to use on eligible projects.
Why a local resident might care
This is a more technical credit adjustment, but it still makes a targeted redevelopment incentive easier to use for eligible projects.
Bill → beneficiary → local effect
What the bill did
Revised the historic rehabilitation credit so certain preapproved rehabilitations could claim a reduced credit in the taxable year when a certificate of occupancy is obtained.
Who benefits
Developers and owners of certified historic properties seeking more workable timing and access to the credit.
Estimated public cost
No bill-specific public estimate found.
Public sources reviewed did not isolate a reliable bill-specific cost estimate.
Confidence and evidenceTap to expand
Medium confidence. Real fit for the tracker, but more technical, narrower, or more dependent on context.
This item is classified as a clearer business-benefit item because the benefit is business-facing and the public-interest case is weaker or more indirect.
Related questions
Sources
More to read
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